Kay Priestly, CEO of Turquoise Hill (formerly Ivanhoe Mines) Vibratory feeder for sale which is majority owned by Rio Tinto rejected the request saying the Vancouver-based company has invested nearly $6 billion in the project in the south of the country, created thousands of jobs and is "on the verge of production based on the Investment Agreement, which provides a stable legal framework and is a legally-binding document."
Following elections a month ago a group of influential Sand washing machine Sale Mongolian parliamentary backbenchers in a petition also called for the enforcement of a parliamentary resolution that gives the Mongolian government majority ownership of Oyu Tolgoi.
Turquoise Hill's stock losses over the past month now stands at 15% as political concerns and worries about a electricity deal between Mongolia and China for Oyu Tolgoi – one of the richest copper and gold mines in the world – continue to mount.
Turquoise Hill – a favourite of resource investors – is now valued at $8 billion and has been been on a wild ride since hitting an all time high above $28 in January last year affording it a peak market Vibrating screen for sale cap of $20 billion.
Rio is in the process of putting together a finance package of an additional $3.5 billion – $4 billion on top of the $6 billion already spent to take Oyu Tolgoi to full production status, but Vertical shaft impact crusher a research report leaked earlier this year indicated final overall costs could come in at as much as $13 billion.
The mine is set to produce more than 1.2 billion pounds of copper, 650,000 ounces of gold and 3 million ounces of silver each year.
- https://www.affordablecebu.com/
